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Prof. Juan de Dios Ortuzar appointed as DIW Research Professor

DIW President Prof. Dr. Klaus F. Zimmermann appointed Prof. Juan de Dios Ortuzar, Pontificia Universidad Catolica de Chile, Department of Transport Engineering and Logistics as DIW Research Professor for an intiial period of three years with effect from December 1. The appointment was suggested by Prof. Dr. Claudia Kemfert, Head of the department Energy, Transportation, Environment.

How Many Bucks in a Bang: On the Estimation of the Economic Costs of Conflict

The estimation of the costs of conflict is currently receiving a lot of attention in the literature. This paper aims to give a thorough overview of the existing literature, first by addressing the history of case studies that address conflict costs and second by looking at the existing body of cross-country analyses for conflict costs. In addition to the existing cross-country literature, a number ...

How Stable Are Monetary Models of the Dollar-Euro Exchange Rate? A Time-Varying Coefficient Approach

This paper examines the significance of different fundamental regimes by applying various monetary models of the exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro (the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach, we come up with interesting properties of our ...

The Effect of Market Power on Electricity Storage Utilization: The Case of Pumped Hydro Storage in Germany

In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and counterfactual cases of strategic and non-strategic pumped hydro storage utilization by different players. We find that the utilization of storage capacities depends on the ...

Evaluation of the Service Unit SOEP

Modelling State Dependence and Feedback Effects between Poverty, Employment and Parental Home Emancipation among European Youth

Youth is one of the phases in the life-cycle when some of the most decisive life transitions take place. Entering the labour market or leaving parental home are events with important consequences for the economic well-being of young adults. In this paper, the interrelationship between employment, residential emancipation and poverty dynamics is studied for eight European countries by means of an econometric ...

The Imports of Industrial Products from Overseas: The Trade Policy Pursued by the European Community towards Mediterranean Countries with Regard to the Southward Enlargement of the Community ; A Study Conducted by the German Institute for Economic Research (DIW), Commissioned by AMK Berlin ... on the Occasion of the 23rd Overseas Import Fair Berlin 1985 "Partners in Progress"

Development under Regulation: The Way of the Ukrainian Insurance Market

This study is intended to assess the introduction of increased capitalization requirements for Ukrainian insurance firms. To do so, we employ up-to-date frontier efficiency analysis. The analysis suggests that an increase in size occurs not only because of the regulator's requirements, but also because all scale inefficient firms have been persistently operating under increasing returns to scale. Additionally, ...

Estimating Level Effects in Diffusion of a New Technology: Barcode Scanning at the Checkout Counter

Cross-country or cross-industry studies of technology diffusion typically estimate how independent factors affect diffusion speed or timing, often based on a two-stage approach. In many applications, however, countries (industries) differ most in the saturation level of diffusion. In a single-stage econometric approach to a standard diffusion model, we therefore estimate how the saturation level covaries ...

Climate Change and Modelling of Extreme Temperatures in Switzerland

This study models maximum temperatures in Switzerland monitored in twelve locations using the generalised extreme value (GEV) distribution. The parameters of the GEV distribution are determined within a Bayesian framework. We find that the parameters of the underlying distribution underwent a substantial change in the beginning of the 1980s. This change is characterised by an increase both in the level ...